The optimal production means a production with the maximum recovery rate. that can boost the country'.s economic. security and political power.
Read More »Oman. Largest Non-OPEC Producer in Mideast
The greatest growth potential for Oman’s natural gas production is in the Khazzan-Makarem field in BP’s Block 61.
Read More »Venezuela Oil Minister to Visit Russia Ahead of Sept. 22 Vienna Meet
During his meeting with Russian counterpart Alexander Novak. the Venezuelan oil minister will discuss the implementation of the OPEC+ global oil output cut deal.
Read More »OPEC Oil Price Rises
The price for October futures of West Texas Intermediate (WTI) dropped by 0.98 percent and stood at $47.40 per barrel.
Read More »Libyan Oilfields Closed by Pipeline Shutdowns
Sharara. which was producing around 280.000 barrels per day. had been shut a week ago.
Read More »Baker Hughes Reports 6 Drilling Rigs Taken Offline
The rig count now stands at 940 overall. with four oil rigs and two natural gas rigs removed.
Read More »Iraq Faces Resistance from Asian Buyers on `Ambitious` Oil Price Change
Iraq may change the benchmark but keep timing for lifting oil at a one-month gap.
Read More »Saudis Keen to Compete for Market Share in China. Asia’s Biggest Oil Consumer
Saudi Arabia has moved back up a notch in the race to supply oil to China and compete for market share in Asia’s biggest crude consumer.
Read More »Iranian Crude Oil Price at $51
The country'.s main export grade. marketed as Iran Heavy. gained 42 cents to reach $49.35 per barrel. matching its 2017 average.
Read More »OPEC to Discuss Ending or Extending Production Cut in November
OPEC will discuss at a meeting in November whether to extend or end production cuts.
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